The $55 USD/barrel pact
Source: Stockcharts.com
I was quite annoyed the other day; oil prices had been steadily falling and had breached the $51 USD support. Suddenly, prices reversed, with unusual strength, recovering and climbing all the way to $55. Needless to say, I didn’t like it because I got caught on the wrong side of a strong move.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/base/spot-copper-30d.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/base/spot-copper-5y.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/base/lme-warehouse-copper-30d.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/base/lme-warehouse-copper-5y.gif)
